Contributing capital to establish a company means that the capital contributor contributes assets to form the charter capital of the company. So what is the basis for determining the subjects contributing enough registered capital in accordance with Vietnam’s regulations?
Article table of contents
According to Clause 5 Article 48 of the Law on Enterprises 2014 of Vietnam, when a member fully contributes capital, the company shall issue a Certificate of capital contribution to such member. The certificate of capital contribution shall contains:
- The enterprise’s name, ID number, and headquarter address;
- The enterprise’s charter capital;
- Full name, permanent residence, nationality, ID/passport number if the member is an individual; name, establishment decision number or company ID number, headquarter address if the member is an organization;
- The member’s stake and value thereof;
- Number and date of issue of certificate of capital contribution;
- Full name and signature of the company’s legal representative.
Every member must contribute capital properly in terms of sufficiency and type of assets as agreed within 90 days from the day on which the Certificate of Business registration is issued.
In case a certificate of capital contribution is lost, damaged, or otherwise destroyed, its holder shall have it reissued in accordance with the procedures provided for by the company’s charter.
Thus, when a member has fully contributed the registered capital at the time of company establishment, the company must issue the member a certificate of capital contribution. This is a very important and necessary document as a basis for confirming an individual's capital contribution. Concurrently, this is also the basis for members to exercise their rights and property responsibilities later in the company.
Thuy Tram
- Key word:
- Law on Enterprises 2014
